CAD/CHF approaching resistance, potential drop!

CAD/CHF is approaching our first resistance at 0.7544 (horizontal pullback resistance, 61.8% Fibonacci extension , 50% Fibonacci retracement) where a strong drop might occur to our major support at 0.7502 (horizontal swing low support, 50% Fibonacci retracement, 61.8% Fibonacci extension). Stochastic (89,5,3) is also nearing resistance. Trading CFDs on margin carries high risk. Losses can exceed the initial investment, so please ensure you fully understand the risks.


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